48 Pelican Street, Peregian Beach QLD 4573

Tightly held for 18 years, this block of solidly built units on a prime 984m2 block just one street to beach and 650m to village hub, offers a golden investment opportunity in every sense – from income through to landbanking; this is a winning purchase in a prestigious blue-chip location.

A block of four units, individually strata titled, each comprising two bedrooms, one-bathroom, open plan living flowing to balcony with ocean glimpses, kitchen, laundry, and single lock up garage – the bones are good, and there is potential to update to further enhance appeal and therefore returns.

Circa early 1980s, the units are not without charm and warmth with interior brick feature walls and internal arches reminiscent of the architecture of that era. All will be vacant by settlement, and annual yield projection is approximately $85,000, in their current condition (pending some minor works).

• Coveted blue-chip beachside location
• 984m2 – one block to surf & sand
• 4 x strata titled solid brick units
• 2 beds, 1 bath, 1 living, kitchen, SLUG
• Ocean glimpses from balcony
• Projected income approx. $85K pa
• 650m to village dining & retail hub
• Demolish & build lifestyle home
• First time to market for 18 years
• Winning investment in every sense!

The Sunshine Coast market is currently undergoing unprecedented demand for properties, not just by buyers but also renters; and there is a critical shortage of rental properties in relation to supply, so high occupancy rates and strong returns are guaranteed, this is as 'risk-free' as it gets.

On nearly ¼ acre it is also a sizeable parcel of land for a builder or buyer wishing to custom-design a beachside lifestyle masterpiece without fear of overcapitalising in a premium pocket just north of village and surf club.

This coveted property in sought-after Pelican Street is set to attract significant attention from a number of buyers, locally and interstate – the opportunity is exceptional, the potential is clear. It's in now in your hands to submit your very best offer.